Matt Martin
11:57 (BST)
24/01/2008
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Glu makes $36 million offer for Superscape
Hopes to become "number one mobile games publisher in the world"
Glu Mobile has announced a tender offer to acquire developer and publisher Superscape Group.
Superscape has released a number of 3D games and mobile software, and has approximately 135 employees, a headquarters on California, production facility in Moscow and office in Hampshire, UK.
"This offer represents an important step in Glu's strategy to become the number one mobile games publisher in the world," commented Greg Ballard, CEO of Glu.
"Superscape's strong market position in the United States, heritage in 3D technology, and unique position as a leading white label publisher are a perfect complement to Gluās world-class global presence."
As well as original titles such as Gum Blox, Capone Casino and Paintball Challenge, Superscape also has deals with 20th Century Fox, Universal Studios and Sony Pictures to create titles based on Aliens Vs Predator, Dodgeball, Fight Club and Independence Day franchises.
Superscape shareholders now have 21 days to accept the offer, which Larry Quinn, chairman of the company backs fully.
"I am very pleased that we have been able to reach agreement on the terms of this transaction, which I believe is the right strategic outcome for Superscape, offering certainty and value to our shareholders. I am confident that Superscape will make a significant contribution to the future of the combined business," he said.
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